Mathematics, 30.11.2020 22:00, tmmackie1748
The shoe store manager borrowed $17,000.00 from the bank to purchase 1000 pairs of shoes. The bank charges a simple interest rate of 5% per year on a loan to a business. If it takes 3 years to pay back the loan and interest, what is the total amount of interest that the shoe store will pay?
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The shoe store manager borrowed $17,000.00 from the bank to purchase 1000 pairs of shoes. The bank c...